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通用磨坊（GIS）与纽蒙特（NEM）财务数据对比。点击上方公司名可切换其他公司
纽蒙特的季度营收约是通用磨坊的1.5倍（$7.3B vs $4.9B），纽蒙特净利率更高（26.0% vs 8.5%，领先17.5%），通用磨坊同比增速更快（-7.2% vs -31.4%），纽蒙特自由现金流更多（$1.2B vs $675.7M），过去两年纽蒙特的营收复合增速更高（28.8% vs -2.4%）
通用磨坊是美国知名跨国消费食品企业，主营品牌包装食品的生产与营销，产品通过零售渠道面向大众发售。公司发源于明尼阿波利斯市密西西比河畔的圣安东尼瀑布区域，最初以大型面粉加工业务闻名，现总部位于明尼阿波利斯市郊的明尼苏达州金谷市。
纽蒙特公司是总部位于美国科罗拉多州丹佛市的金矿企业，为全球规模最大的金矿开采集团。公司成立于1921年，在全球十余个国家持有金矿资产，还与巴里克矿业共同持有内华达金矿的部分股权，除黄金外也开采铜、银、锌、铅等多种金属。
GIS vs NEM — 直观对比
营收规模更大
NEM
是对方的1.5倍
$4.9B
营收增速更快
GIS
高出24.2%
-31.4%
净利率更高
NEM
高出17.5%
8.5%
自由现金流更多
NEM
多$529.3M
$675.7M
两年增速更快
NEM
近两年复合增速
-2.4%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $7.3B |
| 净利润 | $413.0M | $1.9B |
| 毛利率 | 34.8% | — |
| 营业利润率 | 15.0% | — |
| 净利率 | 8.5% | 26.0% |
| 营收同比 | -7.2% | -31.4% |
| 净利润同比 | -48.1% | -8.3% |
| 每股收益（稀释后） | $0.78 | $1.68 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收GISNEM
| Q1 26 | — | $7.3B | ||
| Q4 25 | $4.9B | $6.8B | ||
| Q3 25 | $4.5B | $5.5B | ||
| Q2 25 | $4.6B | $5.3B | ||
| Q1 25 | $4.8B | $5.0B | ||
| Q4 24 | $5.2B | $5.7B | ||
| Q3 24 | $4.8B | $4.6B | ||
| Q2 24 | $4.7B | $4.4B |
净利润GISNEM
| Q1 26 | — | $1.9B | ||
| Q4 25 | $413.0M | $1.3B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $294.0M | $2.1B | ||
| Q1 25 | $625.6M | $1.9B | ||
| Q4 24 | $795.7M | $1.4B | ||
| Q3 24 | $579.9M | $922.0M | ||
| Q2 24 | $557.5M | $853.0M |
毛利率GISNEM
| Q1 26 | — | — | ||
| Q4 25 | 34.8% | — | ||
| Q3 25 | 33.9% | — | ||
| Q2 25 | 32.4% | — | ||
| Q1 25 | 33.9% | — | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 34.8% | — | ||
| Q2 24 | 35.8% | — |
营业利润率GISNEM
| Q1 26 | — | — | ||
| Q4 25 | 15.0% | 47.6% | ||
| Q3 25 | 38.2% | 45.4% | ||
| Q2 25 | 11.1% | 58.6% | ||
| Q1 25 | 18.4% | 49.3% | ||
| Q4 24 | 20.6% | 36.3% | ||
| Q3 24 | 17.2% | 23.0% | ||
| Q2 24 | 16.5% | 23.5% |
净利率GISNEM
| Q1 26 | — | 26.0% | ||
| Q4 25 | 8.5% | 19.1% | ||
| Q3 25 | 26.7% | 33.2% | ||
| Q2 25 | 6.5% | 38.8% | ||
| Q1 25 | 12.9% | 37.7% | ||
| Q4 24 | 15.2% | 24.8% | ||
| Q3 24 | 12.0% | 20.0% | ||
| Q2 24 | 11.8% | 19.4% |
每股收益（稀释后）GISNEM
| Q1 26 | — | $1.68 | ||
| Q4 25 | $0.78 | $1.19 | ||
| Q3 25 | $2.22 | $1.67 | ||
| Q2 25 | $0.53 | $1.85 | ||
| Q1 25 | $1.12 | $1.68 | ||
| Q4 24 | $1.42 | $1.23 | ||
| Q3 24 | $1.03 | $0.80 | ||
| Q2 24 | $0.98 | $0.74 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $683.4M | $4.7B |
| 总债务越低越好 | $12.2B | — |
| 股东权益账面价值 | $9.3B | $31.4B |
| 总资产 | $32.5B | $55.5B |
| 负债/权益比越低杠杆越低 | 1.31× | — |
8季度趋势，按日历期对齐
现金及短期投资GISNEM
| Q1 26 | — | $4.7B | ||
| Q4 25 | $683.4M | $8.2B | ||
| Q3 25 | $952.9M | $6.0B | ||
| Q2 25 | $363.9M | $6.7B | ||
| Q1 25 | $521.3M | $4.7B | ||
| Q4 24 | $2.3B | $3.6B | ||
| Q3 24 | $468.1M | $3.1B | ||
| Q2 24 | $418.0M | $2.7B |
总债务GISNEM
| Q1 26 | — | — | ||
| Q4 25 | $12.2B | $5.1B | ||
| Q3 25 | $12.2B | $5.2B | ||
| Q2 25 | $12.7B | $7.1B | ||
| Q1 25 | $11.8B | $7.5B | ||
| Q4 24 | $12.4B | $8.5B | ||
| Q3 24 | $11.4B | $8.6B | ||
| Q2 24 | $11.3B | $8.7B |
股东权益GISNEM
| Q1 26 | — | $31.4B | ||
| Q4 25 | $9.3B | $33.9B | ||
| Q3 25 | $9.5B | $33.2B | ||
| Q2 25 | $9.2B | $32.1B | ||
| Q1 25 | $9.3B | $31.2B | ||
| Q4 24 | $9.2B | $29.9B | ||
| Q3 24 | $9.3B | $29.7B | ||
| Q2 24 | $9.4B | $29.4B |
总资产GISNEM
| Q1 26 | — | $55.5B | ||
| Q4 25 | $32.5B | $57.1B | ||
| Q3 25 | $33.0B | $54.7B | ||
| Q2 25 | $33.1B | $55.2B | ||
| Q1 25 | $32.7B | $55.5B | ||
| Q4 24 | $33.4B | $56.3B | ||
| Q3 24 | $31.8B | $56.2B | ||
| Q2 24 | $31.5B | $55.7B |
负债/权益比GISNEM
| Q1 26 | — | — | ||
| Q4 25 | 1.31× | 0.15× | ||
| Q3 25 | 1.29× | 0.16× | ||
| Q2 25 | 1.38× | 0.22× | ||
| Q1 25 | 1.28× | 0.24× | ||
| Q4 24 | 1.35× | 0.28× | ||
| Q3 24 | 1.23× | 0.29× | ||
| Q2 24 | 1.20× | 0.30× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $819.3M | — |
| 自由现金流经营现金流 - 资本支出 | $675.7M | $1.2B |
| 自由现金流率自由现金流/营收 | 13.9% | 16.5% |
| 资本支出强度资本支出/营收 | 3.0% | 11.3% |
| 现金转化率经营现金流/净利润 | 1.98× | — |
| 过去12个月自由现金流最近4个季度 | $1.8B | $7.3B |
8季度趋势，按日历期对齐
经营现金流GISNEM
| Q1 26 | — | — | ||
| Q4 25 | $819.3M | $3.6B | ||
| Q3 25 | $397.0M | $2.3B | ||
| Q2 25 | $611.6M | $2.4B | ||
| Q1 25 | $531.9M | $2.0B | ||
| Q4 24 | $1.2B | $2.5B | ||
| Q3 24 | $624.2M | $1.6B | ||
| Q2 24 | $863.7M | $1.4B |
自由现金流GISNEM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $675.7M | $2.8B | ||
| Q3 25 | $287.5M | $1.6B | ||
| Q2 25 | $391.4M | $1.7B | ||
| Q1 25 | $428.0M | $1.2B | ||
| Q4 24 | $989.6M | $1.6B | ||
| Q3 24 | $483.9M | $771.0M | ||
| Q2 24 | $575.2M | $628.0M |
自由现金流率GISNEM
| Q1 26 | — | 16.5% | ||
| Q4 25 | 13.9% | 41.3% | ||
| Q3 25 | 6.4% | 28.4% | ||
| Q2 25 | 8.6% | 32.2% | ||
| Q1 25 | 8.8% | 24.1% | ||
| Q4 24 | 18.9% | 28.9% | ||
| Q3 24 | 10.0% | 16.7% | ||
| Q2 24 | 12.2% | 14.3% |
资本支出强度GISNEM
| Q1 26 | — | 11.3% | ||
| Q4 25 | 3.0% | 11.9% | ||
| Q3 25 | 2.4% | 13.2% | ||
| Q2 25 | 4.8% | 12.7% | ||
| Q1 25 | 2.1% | 16.5% | ||
| Q4 24 | 3.1% | 15.5% | ||
| Q3 24 | 2.9% | 19.0% | ||
| Q2 24 | 6.1% | 18.2% |
现金转化率GISNEM
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | 2.78× | ||
| Q3 25 | 0.33× | 1.25× | ||
| Q2 25 | 2.08× | 1.16× | ||
| Q1 25 | 0.85× | 1.07× | ||
| Q4 24 | 1.45× | 1.79× | ||
| Q3 24 | 1.08× | 1.79× | ||
| Q2 24 | 1.55× | 1.67× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
GIS
| Snacks | $1.0B | 21% |
| Convenient Meals | $827.0M | 17% |
| Cereal | $791.2M | 16% |
| Dough | $720.9M | 15% |
| Pet | $698.7M | 14% |
| Baking Mixes And Ingredients | $556.0M | 11% |
| Super Premium Ice Cream | $175.8M | 4% |
| Other Product | $73.3M | 2% |
NEM
| Consolidated gold sales, net | $6.0B | 83% |
| Other | $506.0M | 7% |
| Consolidated copper sales, net | $354.0M | 5% |
| Consolidated silver sales, net | $188.0M | 3% |
| Consolidated zinc sales, net | $181.0M | 2% |
| Consolidated lead sales, net | $42.0M | 1% |
